Labour and FG have reached an agreement to cut electricity tariff for 3 months and supply millions of free meters.
The Federal Government and the organized labour have agreed to provide a tariff relief of N10.20 per kilowatt-hour for Nigerians for the next 3 months and also distribute 6 million free meters following the completion of the 2 weeks suspension of electricity tariff.
According to a tweet post from the Minister of State for Labour and Employment, Festus Keyamo, this was disclosed in a communique made available to journalists after a lengthy meeting between the organized Labour and the Federal Government on Sunday evening.
The communique disclosed that the committee adopted a two-phase approach to proffer solutions which would help resolve issues affecting the electricity sector in the medium term, whilst providing relief to customers immediately.
They stated that the immediate relief would be provided to citizens for a 2 to 3-month period which will not exceed December 31, 2020.
According to the communique: “Following extensive analyses, it was realised that VAT proceeds from the Nigeria Electricity Supply Industry could be used to secure varying levels of relief in customer tariffs across bands A, B and C.
It was also disclosed that the National Mass Metering Programme will distribute 6 million meters to Nigerians free of charge.